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The Latest Breaking News from the Reserve Bank

Labor rejects claim wage rise to blame for rates hike

Ahead of the latest news on Australia's economic performance, the federal government says it's determined to provide as much cost-of-living relief as it can.

The New Daily · Jun 6, 2023

Michael Pascoe: Is the RBA acting out of spite or just lost the plot?

Passing without notice in April, the Reserve Bank pulled a neat little trick, apparently making multiple billions of dollars in losses “disappear”. I’ve

The New Daily · Jun 6, 2023

Political point scoring over latest RBA rate rise won’t help those feeling the ‘painful squeeze’

How high must rates go to choke inflation? Blaming Labor’s budget, price-gouging businesses or the national wage increase isn’t an answer

The Guardian - AU · Jun 6, 2023

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‘Difficult to understand’: Mortgage bills to rise again as RBA hikes interest rates in June

Australian households will be forced to endure a 12th hike in interest rates after the Reserve Bank moved to push up mortgage bills in June.

The New Daily · Jun 6, 2023

Official interest rates rise above 4 per cent as RBA hikes again

Interest rates climb above 4 per cent for the first time in more than 11 years, as the Reserve Bank moves aggressively to clamp down on inflation.

ABC News · Jun 6, 2023

No signs of recovery among despondent consumers

Consumer confidence has not budged from its weak position, although mortgage holders have regained some optimism ahead of the next cash rate decision.

The New Daily · Jun 6, 2023

White-knuckle wait for Tuesday’s latest RBA interest rate decision

Another close interest rate call is looming for the Reserve Bank amid persistent inflation and stagnant productivity growth

The New Daily · Jun 4, 2023

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Mortgage affordability in ACT at its worst since 1990

It hasn't been this tough since 1990. The cash rate was 17 per cent at the time.

The Canberra Times · Jun 3, 2023

Minimum wage hike reveals gender inequality

Female workers will be the most most affected by the upcoming minimum wage hike, as the FWC committed to focusing more on gender equality.

The New Daily · Jun 2, 2023

Afternoon Update: RBA governor suggests more share houses; inflation rises; and vapour blasts from a Saturn moon

Underlying inflation and price pressures easing, shrinking the likelihood of another RBA rate hike on Tuesday

The Guardian - AU · May 31, 2023

Why Australian households are divided when it comes to financial pressure, and economists are divided on the outlook

Economists are divided on how well households will weather the storm of rent rises, soaring home loan rates and rising prices, just as Australians are divided in how much financial pressure they're under.

ABC News · May 30, 2023

Will Jim Chalmers' budget drive up inflation? Not likely – and here's why

The proposition that cutting prices will stoke inflation is a hard one to get your head around, even if you are an economist.

The Conversation · May 23, 2023

‘Significant turnaround’ in Australian house prices defies predictions as demand rises

CoreLogic says if increase is maintained, prices will be 4% higher at the end of 2023, defying forecasts of falls of 10% or more

The Guardian - AU · May 23, 2023

The great Victorian budget mystery: who will repay its massive ‘Covid debt’?

For once the Andrews government has largely avoided major announcements ahead of Tuesday’s state budget

The Guardian - AU · May 22, 2023

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The Times of India · May 19, 2023

RBI to transfer Rs 87,416 crore surplus to govt for FY23

MUMBAI: The Reserve Bank on Friday approved Rs 87,416 crore dividend payout to the central government for 2022-23, nearly triple of what it paid in the previous year.

ABC News · May 18, 2023

Australia past 'peak tightness' in labour market, economists say

Rising unemployment and falling job vacancies may be signalling a turning point in Australia's labour market, economists say.

The Guardian - AU · May 17, 2023

Wages are growing (good news!) but they’re still playing catch-up with inflation

Australian wages are rising by closer to 4% than 3%. That’s how fast they should grow when inflation is less than 3%, not 7%

ABC News · May 11, 2023

RBA research finds Australia has up to an 80 per cent recession risk to get inflation under control

Previously unpublished internal research from the Reserve Bank estimates that Australia's risk of recession over this year and next could be as high as 80 per cent.

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The Guardian - AU · May 10, 2023

Jim Chalmers accuses Coalition of ‘downward envy’ as Dutton refuses to commit to jobseeker increase in budget

Angus Taylor repeats claims budget may have increased chances Reserve Bank will further increase interest rates

ABC News · May 9, 2023

Federal budget 2023: Does a budget focused on the cost of living mean inflation and interest rates could get worse?

Treasurer Jim Chalmers is adamant that his budget will not make inflation worse and force the Reserve Bank's hand on interest rates — but economists are divided, with some saying it paves the way for a rate hike in the coming months.

The Guardian - AU · May 9, 2023

Inflation rate to halve, bringing wage growth by 2024, federal budget predicts – with hope of mortgage relief

Australia’s economy remains resilient as global growth slows to its worst performance in more than two decades

The Guardian - AU · May 5, 2023

Inflation will decline faster than previously forecast as Australian economy slows, RBA says

The Reserve Bank’s quarterly statement on monetary policy predicts that the underlying inflation rate will end the year at 4%

ABC News · May 4, 2023

RBA's rate hikes creating inflation, Ross Garnaut says, calling for radical overhaul of economic policy

Pointing to big changes that have greatly affected Australia's capacity to deliver rising standards of living, top economist Ross Garnaut calls for a major policy overhaul.

ABC News · May 4, 2023

New Zealand interest rates are still rising — now mortgage stress data reveals how households are coping

New data reveals how New Zealand households that have been under interest rate pressure for more than 18 months are managing to make ends meet.

ABC News · May 3, 2023

The cost of living has reached a record high, businesses are struggling, and interest rates are rising. Is a recession coming?

A day after the Reserve Bank controversially raised interest rates, new data shows living costs are at an all-time high and businesses are contracting, prompting concerns a recession may be on the horizon.

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